Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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If that happens I’ll be lost for words and lose heavily!
It seems increasingly likely to me that there will be no deal and that Nicaragua will run out of patience with having a major resource in the ground,but no one to exploit it.
So there will be an increasing likelyhood that Nicaragua will nationalise the assets of the company,having already given Condor plenty of time to get a mine under way.
Your guess is as good as mine as to what they will pay ...... if anything.
Mellon will need to come up with the cash to develop the mine ( with major shareholder dilution) or risk losing everything.
Investing in Nicaragua was always the major risk in this company.
Ofcourse I hope that i am wrong
I wasn’t getting no answers from mark so someone phone Hanna which there’s numbers available on line after a week or so they got through to a chap who basically said nothings on the table this year and if no sale they will part company in February . The biggest problem is it’s in Nicaragua , he’s words This will end up in Jim’s hands
I think Jim has been holding out on price for a very long time and at some point that looks bad on a so-called dealmaker as no deal should take this long to conclude. It is coming but unless its a decent once will not reflect well on Jim if he has just eeked out an extra few million for 6-9 months delay and possibly more as i am sure they did not start this process without some serious interest. It really needs to happen in next few weeks or the reputational damage to Jim could impact his overall positioning as a dealmaker. We will see. Fingers crossed he accepts highest bid and move on.
Every time you use IMHO it cracks me up.
I feel like we're in a waiting room and English is your second language.
Happy hump day holders. Put the pressure on - it's our company don't forget.
Good things coming
Still waiting imho
JM is hellishly bullish on gold.
I do worry his stubbornness will keep us all waiting for much longer than we ever anticipated.
Well, has to be said. The current situation is symptomatic of the last 5 years. Holders do have the option of selling and investing elsewhere which would have been sensible.
Since the granting of permits in 2018 the share price has halved dilution much more than doubled. Bitcoin has gone from $4k to $60k retraced to $18 and is back to $57 k on its way to what many expect to be $150 k next year.
This isn’t an investment and should be a lesson that this is a very hard sector and market to make decent profits. Still it is reassuring that mc has handed deal responsibilities to Mellon . Hope his deal is better than his production forecasts. Just need to see if it turns out good, Bad or ugly!
We LTH's know that everything goes miserably slow at Condor. But the fact that a sale takes so long scares me. The only one who understood that MC was completely incompetent was Ross Beaty. Hopefully this ordeal will be over soon after 18!! Years..
The only thing real is the real mess onions taken this to
We are not miners,so let’s buy everything to become one
15 months in the sale process with diss poor results
Onions had 300k since the start of the sale money for old rope
Jim won’t sell cheap 😂ducking Jim may not find a buyer
All well and good with the 2 chosen ones relaying marks dribble but get in front of the camera yourself mark
It is simply stating the shares acquired mostly by Jim Mellon and some by Mark over the last year in the placings and Jim exercising warrants and converting loan notes. It all there in various RNS. There is nothing new in the piece but the point still stands that acquisitions by insiders is usually a very positive sign as they are clearly only increasing their holdings because they think the shares will increase in value.
It looks like nobody else believed it either
Even so I find it interesting that such a thing can appear - as a link from Google Finance used by zillions.
It may be AI fluff but it's still potential market moving fluff if anybody were to take it seriously.
I've no idea where the AI (or human) got this info from since I can't match it up to any previous RNS.
One really cannot believe a thing nowdays!
Fluff piece - possibly even written by AI.
Seriously, was hard to finish the article.
It’s probably the uptake of options and the fund raise backed by Jim
Can't see an RNS on any share purchase and anyway wouldn't be allowed since surely we are in a closed period?
https://finance.yahoo.com/news/several-insiders-invested-condor-gold-091613448.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACh8s_y4K6EH3BgC3lJTZ1g7OJeUe94BvMfSjzz6924FXrshICns8KSuZew_uLY15JgUCTOVuhnkSLImwElA_qi8bFmI3uvRot1QlC823daYNdMo1kQtXV_O2cYSJ_AUb4x3sotX_i9gnIZ0Qx_gwm4EJNLmzxWfT0v2cbY1IXH_
Fake news?
Lol onion’s emailed the chuckle brothers a time buyer as he’s not got time to do his dirty work
Why? This doesn't indicate a material change in our position at all, just another non-update wrapped in different verbiage.
I wonder whether the share price will move tomorrow to reflect what Mark has just said...
Yes thanks Nero. An interesting response!
Thanks to Nero for the post about what Mark has said . It does seem to indicate we are close to a deal although we are obviously aware of the tight legal constraints he is under regarding market sensitive information.
Thanks also to Condor forever for that video link. Particularly interesting when he highlights Calibre’s takeover of Marathon as an example of value creating M&A activity. Calibre is commended as a very good company in Nicaragua that has acquired a company in Canada, which will add a lot of value when it is in full production in a year or so.
I have always thought how Calibre is a perfect illustration of how successful Condors mine can be. It also makes me think how insane it would be for Calibre not to buy Condor as they are next door neighbours and Calibre has an underutilised mill. The synergies and cost savings from having Calibres existing management run Condors mine would be a clear major benefit and they would recoup their investment in 12 months.
Mark is definitely keeping his cards close to his chest, though he always answers promptly the most he's willing to say is that Jim is leading the advanced discussions with 2 gold producers and that the entire board are working on the best price for all shareholders. When a deal is signed they are required to announce it and it will require shareholder approval.
So it sounds to me like they are close to inking a deal, perhaps the reason for going dark is to prevent leaks? I've no idea, but it doesn't make sense to go dark if either nothing is happening or if things have changed in a material way (negatively). Mark always said they could have sold the assets much sooner if they were willing to accept less. I also think it's ok to reveal that Mark said he's "operating under legal advice" - make of that what you will.
Https://youtu.be/c3yz8XjF5QM?si=USPbKb2ot7Kphm8-
Good video on the gold mining space from sprott.
Mellon will persist in throwing down in the absence of a deal. The value of the project is simply too high.
He didn't get to where he is by not being shrewd.
I understand that the current SP is not acting as a base or consideration AT ALL for the sale process. The guys are only considering fair value/NPV as a benchmark/platform for negotiation - which is the absolute best approach.....IMHO. ;)